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Nov 15, 2012
11/12
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restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week, spain's flagship carrier said it would cut nearly a quarter of its work force in an effort to remain competitive. sas alone plans to cut more than 1/3 of its 15,000 employees. air france is looking to reduce staff to 45,000 workers. and germany's lufthansa is also in the midst of a painful cost- cutting program. earlier this week, the airline struck a deal with unions to raise cabin crew pay in exchange for no strikes over the christmas holidays. >> coming up, we've got some sports news for you. >> first, some other stories making news around the world. three demonstrators have vented their anger at a german consul. he wa
restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week,...
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that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on our economy and as a bonus gives us a healthier more productive workforce even money put towards social welfare programs like food stamps and unemployment benefits turns out to be investments movies not some left wing think tank movies did research in on this and found that for every dollar invested in expanding the food stamp program you cut to me generates an additional dollars seventy three and for every dollar invested in unemployment benefits the the economy generates an additional dollars sixty four that's a pretty good return on investment president obama often uses the word investment in referring to
that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on...
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Nov 15, 2012
11/12
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CNBC
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so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and s&p are also showing a little about the of a r rebit of a rebound, but not huge moves. investors digest the growth tigs or lack thereof. spain is trying to move to the up side adding almost 0.3%, so a little better than last time we checked in. the other three down. as we're learning about the slowing of the german economy and the ftse 100, shedding 0.4%, below the 5700 mark. now, we are seeing in the uk a little better, but broadly speaking a mixed picture. we started off seeing both spain and italy moving to the down side on the bond side. now italy doing a little bit better. 4.95%. the yield fallin
so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and...
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Nov 15, 2012
11/12
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CNBC
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we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is that a problem? >> i think that was an omission, there were no large commercial bankers or wall street bankers in that meeting yesterday. so i thought that was quite interesting that the white house chose not to invite anyone. >> where are you on on financials right now? the stocks have come off. it's been a horrific little ride here. >> it has. the bank stocks have been one of the best performing sectors going into the third quarter. they're up over 20%. they've been one of the weakest sectors since the third quarter results. and i think what's happened is this fiscal cliff has everybody concerned especially
we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is...
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Nov 15, 2012
11/12
by
CSPAN2
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the more that we can go into these environments which are very, very important places to be, and debate our core value, not just explained them, not just lecture, but actually debate our greatest strengths i think will be stronger. so that was one of the ways we really tried to do that. and also to take the benefit of the folks who were there in the field, give information as to who was the important audiences for the bbg. >> can i just clarify one thing? when i said more guidance from foreign policy leadership for the bbg, i certainly didn't mean that the bbg should forsake or distort or anyway jeopardize the journalistic values. very, very important. but for example, the bbg's, the board of governors decide where the assets are allocated. in other words, if the governors decide we're going to put all the money into india, it's their decision rather than the part of the more strategic decision-making process. congress would get involved if all the money went to one country. >> do you think? [laughter] >> there's certain country's bbg would like to get rid of that congress wouldn't allo
the more that we can go into these environments which are very, very important places to be, and debate our core value, not just explained them, not just lecture, but actually debate our greatest strengths i think will be stronger. so that was one of the ways we really tried to do that. and also to take the benefit of the folks who were there in the field, give information as to who was the important audiences for the bbg. >> can i just clarify one thing? when i said more guidance from...